How To Withdraw Money From Bitcoin ATM Machine?

by Sam Billy Web Designer

Bitcoin ATM is the kiosk that enables the user to buy Cryptocurrencies. It is not the same as the traditional ATM, which lets the bank account holder deposit, transfer, and withdraw money. The user does not want the bank account or other details while using the BTM. Instead, the bitcoin ATM offers a blockchain-based transaction, so it connects the customer directly to the BTC exchange to buy bitcoin conveniently. They send digital assets to the BTC wallet of a person through the QR code. 

But some BTM provides bi-directional functionality so the bitcoin user can sell or buy crypto from this device. Do you need to withdraw the cash in exchange for bitcoin? Well, Bitcoin ATM is the perfect solution. Everyone should have a mobile phone while selling or buying BTC through BTM. If you are a beginner in the Cryptocurrency world, this article is helpful. Here you can get step-by-step instructions to Withdraw Bitcoin ATM.  

Overview of Bitcoin ATM

Bitcoin ATM does not look like a regular automatic teller machine because it works differently. It accepts bitcoin, ETH, and other digital assets as an alternative to fiat currency. There are over ten thousand BTC ATMs around the world. However, many companies are launching new bitcoin ATMs because of increasing demand. Like a traditional ATM, buying cryptocurrencies and selling them for cash is simple. 

There is a variety of the BTC ATMs in the marker, so never forget to check whether the ATM provides withdrawal functionality or not. In addition, this machine is designed with modern technology, so it keeps your funds and details safe. Remember, the Bitcoin ATM Near me transaction is irretrievable of blockchain technology qualities. Thus, everyone should be cautious while entering BTC wallet addresses and other information.

Instructions to withdraw money at Bitcoin ATM

If you are a new user and need to withdraw money at the BATM, you can use the following steps. Here find out how to Withdraw Bitcoin ATM:

·         Find a nearby Bitcoin ATM

First, you should find the bitcoin automatic teller machine close to your home or office. It enables you to sell BTC to withdraw cash. Using the live map is the best way to find the BATM in your area quickly. There are many sites to check the location of the bitcoin ATM. When you enter the buy and sell ATM, it will provide the machine list with two-way transactions. It lets the user purchase BTC and withdraw money in exchange for Cryptocurrency. 

·         Choose the Cryptocurrency you desire to sell 

After reaching the BTM, you can log in to the machine and select the withdrawal money option. Then, you can choose the bitcoin or other digital assets you would like to sell. 

·         Agree to terms and conditions 

BATMs will present the user with the coinflip customer service terms and conditions that they can find on the internet. You must understand that the bitcoin transaction is non-refundable. Thus, you can read the conditions and click on accept terms and condition options. 

·         Pick cash limitation  

Once accepting the terms of the machine, you will choose the cash limit without delay. The device provides you two options, less than nine hundred dollars or above nine hundred dollars. According to your requirements, you can set the limitation. You need to click yes; I am a registered customer in this step. 

If you are an unregistered customer, an error message will display on the kiosk. So, unregistered people can choose the no, but I like to register. When you select this option, the device will ask you to enter your mobile number. Then, the machine will send the verification code to the registered number.

·         Enter your mobile number 

If you enter your phone number, you can receive a one-time password. It is an essential step to move further process. 

·         Enter how much cash you desire to withdraw 

You need to enter the amount of Cryptocurrency you desire to exchange for fiat currency to withdraw after confirming the name and mobile number on the machine. However, the withdrawal limit can differ from one BATM to another. Therefore check regulations before entering the amount.  

·         Scan QR code 

Now, the machine will print the QR code receipt. Next, the user should open their crypto wallet on their handset. Then, scan the QR code to send an accurate coin using the digital wallet application. 

·         Wait for a few minutes

An individual should wait for confirmation of the transaction after sending actual money to BTC. It takes a few minutes based on which digital currency you are selling. After confirming the transaction, you will receive the text message that your cash is ready to withdraw. If you don’t receive the text message, you can contact the Bitcoin ATM Customer Service. 

·         Withdrawal money 

Now, you can withdraw the money from the bitcoin ATM by scanning the receipt with the camera on the BATM. Once again, you enter the mobile number to confirm your identity. The device will distribute the money if you have set up the individuality. Remember, the cash receipt is only valid for forty-five minutes after printing. So, you need to complete the transaction process before the expiry period. 

That’s it! Now, individuals can enjoy using the money for different purposes.

Is Bitcoin ATM secure and anonymous?

Of course, BTM is anonymous, making it more popular among crypto users. Moreover, it is one of the security measures in the crypto automatic teller machine. Besides, the bitcoin ATM comes with cutting-edge technologies, which protect coins and customer data against malfunction. Therefore, they don’t threaten Cryptocurrency ATMs, and you cannot be able to buy or sell a large amount of BTC without an ID card or KYC. 

The crypto wallet is protected so that nobody can access them without valid passwords. Many BTM operators come together to outline the Cryptocurrency compliance cooperative to enable the customer to utilize crypto ATMs safely. There are many benefits of using a bitcoin ATM, such as simple operation, low transaction fees, quick withdrawal, and more. 

Why do I contact Bitcoin ATM Customer Support Adviser?

If you face issues while withdrawing cash from the BTM, you can get in touch with the Bitcoin ATM Customer Service. They have experienced and certified experts to provide top-notch service to customers. You can contact the technician in different ways, such as phone, email, and live chat. The professionals are always ready to help the customer, so one can contact them and get a quick solution. Besides, the expert provides step-by-step instructions to buy or sell bitcoin through a crypto ATM. Therefore, you don’t worry about losing coins or fiat currency. 

Fee for withdrawing at Bitcoin ATMs

The bitcoin machine charges a flat-four percent fee for cashing out fiat currency in exchange for bitcoin or other currencies. The device displays its cost in the price of exchanging Cryptocurrencies. Transaction fees are not the same in all machines, so you can compare the transaction fee and pick an affordable one.  

Final words 

A bitcoin ATM is one of the standalone devices to sell BTC for cash. Now, you can find the BATM in different places such as airports, retail shops, restaurants, shopping malls, and more. If you want Withdraw Bitcoin ATM steps, you can contact the customer support service. The expert provides step-by-step instructions to pay out cash from BTMs.  

Sponsor Ads

• Ad Space Available - Rent it Now!

Created on Jun 4th 2022 04:39. Viewed 192 times.

Comments